Overriding Component Level Retention on a Contract
To override component level retention on a contract:
- In the Cost Code Breakout/Work Breakdow (WB) table, select the Retention tab.
- Choose a component to edit.
- In the Override Retention column, enter the new retention rate.
Note: The Override Retention will apply to any Payment Applications the Subcontractor submits. Retention will not be updated retroactively.
- (Optional) In the Default retention % field, enter a new number to update the default retention.
- Select the Save Changes button.
- A Status page confirms the contract has been saved.
- When the Subcontractor enters an Payment Application for the next period, the retention is automatically calculated.
Last Published Wednesday, July 10, 2024